Supplier of digital mortgage options as a service ezbob places its clever integration module on the banks' disposal. The answer will allow banks to satisfy their KYC, AML and sanctions challenges, whereas providing clients a greater, extra clear expertise.
"With regard to KYC, banks have made vital investments and have beefed up their compliance groups to be able to deal with the brand new stringent regulatory necessities," stated ezbob CEO Tomer Guriel. "Clearing a consumer now requires extra contact with the shopper and, in the end, it's the shopper's journey that suffers."
The Good Onboarding Engine allows banks to design, construct, and handle integration paths for present accounts, credit score merchandise, wealth administration, and different options by leveraging APIs to manage 'consumer expertise. The engine additionally gives clever, real-time monitoring evaluation to assist banks enhance and optimize the mixing course of. And by utilizing single sign-on (SSO), clients can simply swap from one product to a different with out having to supply identification info every time.
"With the ezbob answer, as soon as the consumer clicks Submit, our system instantly begins calling APIs to databases, similar to LexisNexis, to confirm the consumer," Guriel stated. "By cross-checking a number of knowledge sources by way of our personal KYC threat engine, we’re in a position to present an actual" Success / Failure "with all the extra info wanted."
ezbob has already gained reward for its integration answer. Earlier this month, the corporate introduced that its Good Onboarding Engine had helped it win the Finest Fintech Partnership Award on the Banker Know-how Challenge Awards. The combination engine is a part of Catalyst +'s modular Catalyst + omnichannel and omni-channel LaaS answer launched earlier this 12 months.
Based in 2011 and headquartered in London, UK, ezbob showcased its lending expertise at FinovateEurope 2014. Among the many first totally automated on-line lending platforms for small companies, ezbob has targeted its efforts on 2017 on the supply of loans as a service (LaaS) to banks. Since then, the corporate has partnered with corporations similar to American Categorical, NatWest and Yorkshire Financial institution to produce credit score merchandise for SMEs.
ezbob raised greater than $ 124 million from buyers similar to Honeycomb Funding Belief, Leumi Companions and Oaktree Capital Administration.